New York State’s Share of American Millionaires

An estimated 2.7 million U.S. adults in 2004 had gross assets of $1.5 million or more. In total, these top wealth holders owned nearly $11.1 trillion in assets. After accounting for debts and mortgages of $850.1 billion, these individuals had a combined net worth of over $10.2 trillion. A little less than 1.6 million, or 57.0 percent, of top wealth holders were men, while just under 1.2 million were women. Overall, male top wealth holders had a higher average net worth than their female counterparts.

In 2004, the last year the stats were available, 168,000 people with net worths of at least $1.5 million lived in New York State. That’s 7.7 percent of the national total.